Odisha Sun Times Bureau
Bhubaneswar, Nov 22:

With a week to go for the much-awaited ‘Make in Odisha’ conclave to begin, Odisha cabinet today approved eight crucial industrial policies among other proposals.

naveen's water supply review

These policies dedicated towards renewable energy, healthcare, handloom, textiles and apparels, biotech, tourism, Micro, Small and Medium Enterprises (MSME), and food processing sectors will be unveiled during the ‘Make in Odisha’ conclave scheduled to be held between November 30 and December 2.

The government announced that the entrepreneurs willing to invest in areas such as MSME, tourism, renewable energy and food processing will get the benefits as offered in the Industrial Policy Resolution (IPR) of the state. Benefits will be extended by the State in land acquisition, stamp duty and promotion.

As a proactive measure, the government will form land banks to encourage tourism sector.

“The cabinet approved 21 proposals. In other states, we did not have a Renewable Energy Policy. In Odisha, the cabinet approved it today. Under this, work share has been divided among concerned parties. Besides, we have formed a Green Energy Corporation. The government will create a fund of Rs 250 crore to promote this industry,” said Chief Secretary Aditya Prasad Padhi.

The renewable energy policy, which will remain in force until March 2022, envisages to achieve around 2,750 MW renewable energy from the non-conventional sources in the state by the year 2022. The fund will be utilised for development of infrastructure required for the accelerated development of renewable energy.

Under Odisha apparel policy 2016, the state government has targeted to create one lakh to 1.5 lakh jobs in next five years.

“For apparel units where employment is minimum 200 workers, the unit will receive incentives of Rs 1,000 per worker per month on actual employment by the unit, on financial year basis. This facility will be available for a period of 36 months. The incentives would be provided subjected to 90 per cent workers from Odisha are engaged in the unit,” said the chief secretary.

In the MSME policy, the state government has enhanced capital investment subsidy to new units from 10 per cent to 25 per cent subject to the upper limit of Rs 1 crore.

To boost the growth of MSM enterprises in industrial backward districts, an additional capital investment subsidy of 5 per cent would be provided.

The food processing policy proposes to set up 10 mega food parks at strategic locations. The policy provides 25 per cent capital investment subsidy limiting to a maximum of Rs 2 crore in ‘general’ area.

The capital investment subsidy to SC, ST and women entrepreneurs and those setting up food processing industry in the industrial backward districts is admissible at a higher rate of 33 per cent, said the chief secretary.

The pharmaceutical policy provides grants of 50 per cent of the total cost or ceiling of Rs 10 crore for development of greenfield pharmaceutical clusters, parks.

Apart from the industrial policies, the cabinet meeting chaired by Chief Minister Naveen Patnaik this evening approved a total of 21 proposals that include a government guarantee of Rs 1100 crore for GRIDCO, formation of a council for higher education chaired by higher education minister, an amendment proposal for auction of minor minerals wherein the lease duration has been extended for 30 years, and establishment of hospitals across 11 districts including Kalahandi, Bolangir and Koraput districts. (With inputs from IANS)